Palantir Technologies’ stock is notoriously expensive by conventional valuation metrics. But Wall Street’s newest bull says it’s worth paying a premium to own the stock.
Truist Securities analyst Arvind Ramnani initiated coverage of the stock with a buy rating on Tuesday, praising the company’s unique financial profile. He looked at 111 software companies and found that Palantir
PLTR had the highest margins of the bunch, along with a growth rate that ranked among the top three.
Why this new Palantir bull says the stock is worth its hefty price
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Palantir Technologies’ stock is notoriously expensive by conventional valuation metrics. But Wall Street’s newest bull says it’s worth paying a premium to own the stock.
Truist Securities analyst Arvind Ramnani initiated coverage of the stock with a buy rating on Tuesday, praising the company’s unique financial profile. He looked at 111 software companies and found that Palantir
PLTR had the highest margins of the bunch, along with a growth rate that ranked among the top three.
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